INVENTORIES

9 Months Ended

Feb. 27, 2022

INVENTORIES

INVENTORIES

4.    INVENTORIES

Inventories are valued at the lower of cost (determined using the first-in, first-out method) or net realizable value and include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead. The components of inventories were as follows:

	February 27,		May 30,
(in millions)	2022		2021
Raw materials and packaging	$	137.7	$	89.8
Finished goods		447.2		377.8
Supplies and other		49.6		45.9
Inventories	$	634.5	$	513.5